Smith & Wesson Is All Fired Up
Back in July, I touched on the strong move in Smith & Wesson (SWHC) shares and recommended non-shareholders revisit the stock at between $7.50 and $8. That offered new investors a fresh bite at the apple, while existing shareholders who heeded my advice last December -- those who jumped on board the Smith & Wesson train near $3 -- sat back and watched the company's story continue to unfold. Last week we learned the Smith & Wesson story has continued to improve, with the company reporting strong results as it significantly raised its fiscal 2013 outlook. That vaulted its shares to close last week above $10, up 131% year to date.
The logical question, at this point, is whether there is ample upside to be had from here....352 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.